According to a recently published research analysis by Technavio, the increase in data center investments will be one of the major factors that will have a positive impact on the growth of the data center power market till 2021. The number of data centers in developing countries has significantly increased, and the need for data centers among large enterprises, CSPs, government agencies, and telecommunications organizations has also increased. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 12% by 2021.
The rise in construction of containerized or modular facilities is one of the key trends that will contribute to the market growth in the forthcoming years. Construction of modular data centers and adoption of containerized data centers have grown and is largely driven by their capability to provide maximum efficiency through low energy and water consumption. Also, the efficiency of these data centers is largely reliant on the appropriate power usage without any wastage. These units can be altered to offer adequate performance, regardless of the IT infrastructure used.
The industry research report identifies ABB, Eaton, GE Industrial Solutions, Legrand, Schneider Electric, and Vertiv as the key vendors in the global data center power market. During recent years, the UPS segment accounted for the major shares of the data center power market. Factors such as the availability of different variants and the ability to operate at higher temperatures will contribute to the growth of the UPS data center power market in the coming years.